Electronic Bulls, Bears and Pigs: Predicting the Next “Flash Crash”

Jay Owen Reforming Global Finance, Articles by Hazel Henderson

By Hazel Henderson Remember the old Wall Street adage, “Bulls make money; bears make money; pigs go broke!”? Today, not so much. Pigs often win, particularly those armed with computers and algorithms. Speed and complexity are the tools of those seeking alpha, hiring quants to create ever more complex derivatives …